EUR/USD remains stable near 1.1700 before Q2 Eurozone GDP and US PPI data
EUR/USD remains steady as it awaits the release of total eurozone production figures for the second quarter. CME’s FedWatch tool indicates a nearly 94% probability of a 25 basis point rate cut in September. U.S. Treasury Secretary Scott Bescent believes that the Fed could implement a 50 basis point rate reduction in September. The EUR/USD […]
EUR/USD rises as Trump challenges Fed’s independence, weak PPI impacts USD
The euro is expected to recover from its three-week low, likely rising above 1.1600. Trump suggests he might dismiss Federal Reserve Chairman Powell, later criticizing him for delaying fee adjustments. The US Producer Price Index (PPI) fell short of projections, reinforcing a dovish sentiment, yet this also supports the euro’s rise. The EUR/USD pair maintained […]
Bitcoin processes positive US PPI news with a $120K liquidity move in sight for buyers
Key Points: Bitcoin’s price target is aiming for liquidity around $120,000. The US PPI inflation has cooled more than anticipated, providing some relief following the previous day’s high CPI figures. BTC/USD is avoiding movement toward CME gaps below $115,000. Bitcoin (BTC) sustained its overnight recovery during the Wall Street Open on Wednesday, supported by US […]
GBP/USD rises due to US PPI drop and Trump’s possible dismissal of Powell
US PPI slowed to 2.3% year-on-year, raising speculations of a Fed cut in July. Trump reportedly believes he has displaced Federal Reserve Chairman Powell, adding to market volatility. UK CPI surged to 3.6% year-on-year, the highest since January 2024, diminishing BOE cut prospects. In currency news, GBP/USD has reversed its trend, gaining after the latest […]
EUR/USD rises from 1.1600 even with market uncertainty before US PPI data
The EUR/USD might weaken as the US dollar remains stable ahead of the producer price index data set for Wednesday. The Trump administration plans to implement tariffs of “over 10%” on several smaller countries. EU officials have stated that talks to avert US tariffs are ongoing despite preparations for a retaliation package. The EUR/USD pair […]
The Australian Dollar increases on fresh optimism as US PPI data is anticipated.
The Australian Dollar Gains Amid Renewed Optimism The Australian dollar is set to strengthen, fueled by fresh optimism stemming from Trump’s readiness to engage in trade discussions. Consumer confidence in Australia has registered three months of growth, indicating a more positive outlook. President Trump plans to impose tariffs exceeding 10% on certain smaller countries, affecting […]
EUR/USD soars to almost a 3-year peak as US PPI declines, tariff concerns weaken USD
US PPI and CPI disappoint, reinforcing the disinflation narrative and affecting the dollar negatively. Trump’s unresolved tariff threats add to the US dollar’s struggles and diminish demand for high-yield currencies. ECB’s Schnabel suggests an end to the tightening cycle, pushing the euro to a three-year high despite weak data. The EUR/USD has gained for a […]
Forex Today: US Dollar remains under pressure as attention turns to PPI inflation data
Here’s a rundown for Thursday, June 12th: Early Thursday, the mood in the market is a bit tense. Investors are keeping a close watch, particularly ahead of the US Bureau of Labor Statistics (BLS) report and given recent trade updates. There’s also the Producer Price Index (PPI) data for May and a US Treasury auction […]
Pound Sterling rises against US Dollar due to weak US PPI and Retail Sales data.
Pound Sterling is likely to approach 1.3330 against the US dollar, as the dollar weakens following disappointing US economic data. The Federal Reserve is expected to keep interest rates steady at its next two meetings. Investors are looking forward to next week’s UK CPI data for hints about the Bank of England’s monetary policy. Pound […]
PPI Reports Indicate U.S. Consumers Are Not Bearing the Cost of the Trump Tariffs
Tarifflation remains elusive If the warnings about tarifflation were valid, we should have seen signs by now. The recent inflation report from April, reflecting consumer sentiment in the US, indicates that President Trump is implementing new tariffs. These tariffs took effect on April 2, imposing a blanket 10% on imports, with even higher rates for […]